Visa hits back at Mastercard with £247M Earthport bid

February 11, 2019

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Visa has put in a sweetened bid of some £247 million for UK payments company Earthport, putting it ahead of rival Mastercard's proposal. The new offer, at 37 pence per share, is 23% higher than its original bid price, and 12% more than Mastercard's current proposal. The company's shares (LSE: EPO) increased by just under 16% by Friday's close.